Last updated 07-30-2026
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Relay | AngelList
Venture funds, syndicates, and fund administrators track private-market investments through email, and most of that data never makes it into a structured finance record. AngelList Relay turns forwarded investment documents and portfolio company updates into parsed, dashboard-ready records. You send SPAs, SAFEs, board consents, and other legal paperwork to a dedicated Relay address, and the service extracts key terms onto a shared portfolio dashboard.
Most portfolio trackers expect you to type in round sizes, valuation caps, and burn rates by hand. Relay is built around the fact that venture deals actually happen over email. Forward a wire instruction or a company update and it emails an AI summary back in under five minutes while filing the parsed terms to the right company record. That inbox-first design fits firms that already route deal flow through email, not teams that want a CRM-style data entry workflow.
Fund managers use Relay to keep a central record of investment terms across funds without hiring extra ops headcount. Fund administration firms pair it with their service work because auditors can pull valuation evidence and Schedule of Investments reconciliations from one place. GPs can add team members with layered permissions and optionally enable full inbox sync so Relay scans for relevant messages automatically.
Parses 65+ terms from investment documents and company updates, including pay-to-play provisions, burn rate, and valuation caps
Returns an AI email summary within 5 minutes after you forward a document or investor update
Supports 16+ legal document types in DOCX or PDF format, from SAFEs and SPAs to token warrants and wire instructions
SOI reconciliation compares parsed Schedule of Investments against your portfolio in real time
Unlimited Relay email addresses and team members with multi-level permission controls
OpenAPI access for pulling portfolio data into external reporting or admin systems
Parses 65+ investment and update terms from forwarded emails without manual data entry
Reconciles Schedule of Investments against your portfolio dashboard in real time
Supports unlimited Relay addresses and team members with layered permissions
Pricing is custom and requires contacting an AngelList account manager
Document parsing requires DOCX or PDF files with company and fund legal names
Full inbox sync grants Relay access to scan your entire email account
What documents can Relay process?
Relay can process board consents, certificates of incorporation, convertible notes, SAFEs, SPAs, token warrants, wire instructions, and other legal documents when they are in DOCX or PDF format and include the company and fund legal names. Relay also parses text in email bodies and attachments, storing unmatched items in an Unsorted section.
What terms does Relay extract from SPAs and SAFEs?
From SPAs, Relay extracts company name, investment date, round, valuation amount and type, pay-to-play provisions, share counts, and purchase price. From SAFEs, it pulls investor name, investment amount, discount, pro rata rights, valuation cap, and valuation type. Relay stores the parsed fields as structured data on your portfolio dashboard.
What company update metrics can Relay parse?
Relay parses annual revenue, monthly burn, cash in bank, customer count, fundraising status, and business or product update summaries from company updates in email bodies, DOCX, or PDF files. Parsed metrics appear on the company record in your Relay dashboard alongside forwarded documents.
How does Relay handle inbox access and privacy?
Relay lets you forward individual emails to a Relay address or enable full inbox sync, which authorizes Relay to scan your entire inbox for relevant messages. AngelList states Relay will not share your legal documents with other investors, and you can revoke inbox access at any time.
Where does Relay store portfolio data?
AngelList Relay stores data on AWS using S3 for object storage and RDS for relational data, with encryption at rest and in transit. AngelList is SOC 2 compliant and states Relay data is used only to provide Relay services as described in its privacy policy.
How is Relay priced?
Relay uses tailored pricing rather than published plan tiers. The Relay pricing page lists unlimited Relay addresses, team members, valuation management, SOI reconciliation, and OpenAPI access, and directs existing AngelList customers to contact their account manager for details.